Angeliki Frangou Buys 1,173 Shares of Navios Maritime Partners (NYSE:NMM) Stock

Navios Maritime Partners LP (NYSE:NMM) insider Angeliki Frangou acquired 1,173 shares of the business’s stock in a transaction on Thursday, July 2nd. The shares were purchased at an average price of $73.05 per share, for a total transaction of $85,687.65. Following the purchase, the insider directly owned 4,760,980 shares of the company’s stock, valued at $347,789,589. This represents a 0.02% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Angeliki Frangou also recently made the following trade(s):

• On Monday, July 6th, Angeliki Frangou bought 1,149 shares of Navios Maritime Partners stock. The stock was purchased at an average price of $74.48 per share, with a total value of $85,577.52.
• On Wednesday, July 1st, Angeliki Frangou purchased 1,189 shares of Navios Maritime Partners stock. The stock was purchased at an average price of $71.59 per share, with a total value of $85,120.51.
• On Friday, June 26th, Angeliki Frangou purchased 1,195 shares of Navios Maritime Partners stock. The shares were purchased at an average cost of $69.22 per share, for a total transaction of $82,717.90.
• On Tuesday, June 30th, Angeliki Frangou acquired 1,199 shares of Navios Maritime Partners stock. The shares were purchased at an average price of $69.50 per share, for a total transaction of $83,330.50.
• On Monday, June 29th, Angeliki Frangou acquired 1,208 shares of Navios Maritime Partners stock. The shares were purchased at an average price of $68.88 per share, for a total transaction of $83,207.04.
• On Thursday, June 25th, Angeliki Frangou acquired 1,170 shares of Navios Maritime Partners stock. The stock was acquired at an average cost of $70.20 per share, with a total value of $82,134.00.
• On Wednesday, June 24th, Angeliki Frangou bought 1,148 shares of Navios Maritime Partners stock. The shares were acquired at an average price of $71.94 per share, with a total value of $82,587.12.
• On Tuesday, June 23rd, Angeliki Frangou bought 1,159 shares of Navios Maritime Partners stock. The shares were acquired at an average cost of $72.68 per share, for a total transaction of $84,236.12.
• On Monday, June 22nd, Angeliki Frangou purchased 1,187 shares of Navios Maritime Partners stock. The stock was acquired at an average price of $71.39 per share, for a total transaction of $84,739.93.
• On Thursday, June 18th, Angeliki Frangou purchased 1,151 shares of Navios Maritime Partners stock. The stock was acquired at an average price of $71.10 per share, for a total transaction of $81,836.10.

Navios Maritime Partners Trading Up 0.3%

NYSE NMM opened at $75.08 on Wednesday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.45 and a current ratio of 1.45. Navios Maritime Partners LP has a one year low of $37.42 and a one year high of $80.69. The company has a 50-day simple moving average of $72.35 and a 200-day simple moving average of $65.90. The firm has a market capitalization of $2.15 billion, a PE ratio of 6.32 and a beta of 1.00.

Navios Maritime Partners (NYSE:NMM) last issued its earnings results on Thursday, May 21st. The shipping company reported $3.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.77 by $0.58. Navios Maritime Partners had a net margin of 25.05% and a return on equity of 10.48%. The firm had revenue of $357.01 million for the quarter, compared to analysts’ expectations of $317.80 million. During the same quarter last year, the company posted $1.58 earnings per share. Navios Maritime Partners’s revenue was up 17.4% on a year-over-year basis.

Navios Maritime Partners Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Monday, May 11th were issued a $0.06 dividend. This is a positive change from Navios Maritime Partners’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Monday, May 11th. This represents a $0.24 annualized dividend and a dividend yield of 0.3%. Navios Maritime Partners’s dividend payout ratio (DPR) is 2.02%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Wall Street Zen raised Navios Maritime Partners from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 21st. Weiss Ratings downgraded shares of Navios Maritime Partners from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, May 28th. Finally, Jefferies Financial Group initiated coverage on shares of Navios Maritime Partners in a research report on Friday, April 24th. They set a “buy” rating and a $85.00 price target for the company. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $85.00.

Key Navios Maritime Partners News

Here are the key news stories impacting Navios Maritime Partners this week:

• Positive Sentiment: CEO Angeliki Frangou bought 1,189 shares on July 1, adding to a string of recent open-market purchases, reinforcing a bullish signal from management. Article Title
• Positive Sentiment: Frangou also bought additional shares on July 2 and July 6, extending a multi-day buying pattern that may support investor sentiment around Navios Maritime Partners’ valuation. Article Title
• Neutral Sentiment: The purchases were relatively small in percentage terms, so while they signal confidence, they are not large enough on their own to materially change the company’s fundamentals or near-term outlook.
• Neutral Sentiment: NMM had already posted solid recent results, including earnings and revenue that topped expectations, and it continues to trade near the upper end of its 52-week range.
• Negative Sentiment: No major negative company-specific news was disclosed in the latest batch of articles, so any downside pressure would more likely come from broader shipping-market or market-wide volatility rather than a fresh fundamental setback.

Hedge Funds Weigh In On Navios Maritime Partners

Hedge funds and other institutional investors have recently made changes to their positions in the business. Royal Bank of Canada increased its position in Navios Maritime Partners by 50.9% in the 4th quarter. Royal Bank of Canada now owns 599 shares of the shipping company’s stock valued at $32,000 after acquiring an additional 202 shares during the period. Valley Wealth Managers Inc. acquired a new position in Navios Maritime Partners during the 1st quarter worth $63,000. State of Wyoming bought a new position in shares of Navios Maritime Partners in the fourth quarter worth $137,000. Corient Private Wealth LLC bought a new position in shares of Navios Maritime Partners in the fourth quarter worth $207,000. Finally, Mariner LLC acquired a new position in shares of Navios Maritime Partners during the fourth quarter valued at $208,000. 62.74% of the stock is currently owned by institutional investors and hedge funds.

Navios Maritime Partners Company Profile

Navios Maritime Partners L.P. (NYSE: NMM) is a dry bulk shipping company that owns and operates a fleet of Capesize, Panamax and Supramax vessels. The partnership charters its vessels under medium- and long-term contracts to a diverse group of charterers, providing seaborne transportation for major bulk cargoes such as iron ore, coal, grain and fertilizers. Through this asset-light model, Navios Maritime Partners seeks to generate stable cash flows while retaining flexibility to capitalize on market opportunities.

Formed in November 2007 and sponsored by Navios Maritime Holdings Inc, the partnership leverages the operating platform and commercial management capabilities of the Navios group.